Burlington Area Chamber Of Commerce: Baker-Polito Administration Launches New $75 Million Small Business Relief Program

Burlington MA

26 February, 2022

5:38 AM

Description

Press release from Burlington Area Chamber of Commerce: February 23, 2022 New program directs $50 million toward businesses reaching underserved markets, minority-, women-, and veteran-owned businesses, and $25 million for businesses that did not qualify for prior MGCC aid BROCKTON – Today, the Baker-Polito Administration announced the launch of a new $75 million grant program to support Massachusetts small businesses impacted by the COVID-19 pandemic. The new program is part of the plan to spend $4 billion in American Rescue Plan funding that was signed into law by Governor Charlie Baker in December 2021. The new program is modeled after Massachusetts Growth Capital Corporation's (MGCC) successful COVID-19 small business relief program. Under that effort, which became the biggest state-sponsored business relief program in the nation, MGCC oversaw the distribution of approximately $705 million to over 15,000 small businesses across Massachusetts. Today's announcement was made at Luanda Restaurant and Lounge in Brockton, a family-owned business that received financial support through MGCC's prior COVID relief grant program. This press release was produced by Burlington Area Chamber of Commerce. The views expressed here are the author's own.